John Paulson's hedge fund firm Paulson & Co has filed a Form 3 with the SEC revealing a stake in Realogy Holdings Corp (RLGY).
Per the filing, Paulson has revealed its ownership in 11% Series A, B, and C Convertible Senior Subordinated Notes due 2018. However, in the footnotes, Paulson has agreed to convert all of its notes into shares of common stock on the date of closing of the Realogy's initial public offering, where it has priced at the top of its range.
In total after conversion/exercise, it appears as though Paulson will own over 11.8 million shares.
Realogy is the owner of the Coldwell Banker and Century 21 real-estate brokerage brands. Apollo Global Management originally took the company private in 2007 and will now be public again.
Thursday, October 11, 2012
Paulson & Co Reveals Stake in Realogy (RLGY)
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